Three economists were awarded the Nobel Prize Monday for their research into how the nature of institutions helps explain why some countries become rich and others remain poor. Daron Acemoglu, Simon ...

The wealth and poverty of nations has been a preoccupation of economists since Adam Smith founded the discipline 250 years ago, when he wrote a book titled, The Wealth of Nations. This year's Nobel ...

When the economics department at the Massachusetts Institute of Technology issues a statement, it is often to celebrate a Nobel Prize. In the past decade, six of its professors have won the award—as ...